The Romano Family Foundation
The Romano Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SHAKER HEIGHTS, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $613K in total assets. In 2024, it awarded 8 grants totaling $30K. Net investment income was $50K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$613K
+3.4% YoY
Annual Giving
$30K
-9.1% YoY
Grant Count
8
-11.1% YoY
Avg Grant Size
$4K
+2.3% YoY
Under IRS private-foundation payout rules, The Romano Family Foundation reported a distributable amount of $32K for 2024 — the minimum it must pay out in qualifying distributions.
About The Romano Family Foundation
Based on IRS filings
The Romano Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SHAKER HEIGHTS, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $613K in total assets. In 2024, it awarded 8 grants totaling $30K. Net investment income was $50K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $613,190 | $593,119 | $605,956 |
| Revenue | $51,798 | $21,893 | $22,466 |
| Expenses | $31,766 | $34,737 | $35,904 |
| Qualifying Distributions | $30,000 | $33,000 | $33,500 |
| Net Investment Income | $50,032 | $20,156 | $31,008 |
| Distributable Amount | $32,380 | $30,762 | $31,327 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
40 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University Hospitals ($15,000), Clean Air Task Force ($3,000), National History Day ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CLEAN AIR TASK FORCE BOSTON, MA | HEALTH | $3,000 |
| FLYING HORSE FARMS MT GILEAD, OH | HEALTH | $2,000 |
| KIDS IN DANGER CHICAGO, IL | SHELTER | $1,000 |
| NATIONAL HISTORY DAY COLLEGE PARK, MD | EDUCATION | $3,000 |
| REACH OUT AND READ FOUNDATION BOSTON, MA | HEALTH | $2,000 |
| SHAKER ARTS COUNCIL SHAKER HEIGHTS, OH | ARTS | $2,000 |
| UNIVERSITY HOSPITALS CLEVELAND, OH | HEALTH | $15,000 |
| MEALS ON WHEELS SHAKER SHAKER HTS, OH | GENERAL FUND | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSEPH D ROMANO | TRUSTEE | 1 | — |
| MARCIA A ROMANO | TRUSTEE | 1 | — |
| TERESE N ROMANO | TRUSTEE | 1 | — |
| RENEE ROMANO | TRUSTEE | 1 | — |
| AMARA ROMANO | TRUSTEE | 1 | — |
| SEAN DECATUR | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Romano Family Foundation?
The Romano Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SHAKER HEIGHTS, OH. It holds $613K in total assets as of 2024.
How large is The Romano Family Foundation?
As of 2024, The Romano Family Foundation holds $613K in total assets with $52K in annual revenue. It awarded 8 grants totaling $30K in 2024.
Where does The Romano Family Foundation operate?
The Romano Family Foundation has awarded grants in District of Columbia, Illinois, Massachusetts, Maryland, Ohio.
What size grants does The Romano Family Foundation award?
In 2024, The Romano Family Foundation awarded 8 grants totaling $30K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Romano Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Romano Family Foundation reported a distributable amount of $32K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Romano Family Foundation's EIN?
The Romano Family Foundation's EIN (Employer Identification Number) is 34-1909468. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in The Romano Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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